Moneyzine -
June 2008 Issue
Take Out the Stress of Money Management
Welcome to the June Issue of Moneyzine - Take out the stress of money
management, Transformyourmoney.com's monthly
E-zine, filled with information to help you have power and freedom with your
money, to create your life the way you want it to be!
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Take Care,
Melanie Fine, CPA
In this Issue
If you don't have time to read the whole newsletter, click on the topic that
interests you. This month you will find:
Thank you for reading the June Issue of Moneyzine. This month I chose
to write an article and a page for the website on how the stress of money
management can cause real problems for you. It's amazing the physical, emotional
and mental effects that stress has on us. Learn how to reduce the stress of
money management in this month's article.
We are always looking for ways to improve the site. If you see any errors
or would like to contribute in any way, we invite you to contact us at the
Contact Us page.
Thanks for reading and enjoy this month's Moneyzine!
Till Next Month,
Melanie Fine, CPA
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If you are feeling overwhelmed - choose one goal at a time and don't worry
about the rest. Don't try to take it all on at once. If you have debt to pay
down, want to buy a house, of feel you should contribute to retirement savings,
don't fret just pick one and work on that plan. Then move on from there. (My
advice start with paying down your debt - especially the ones with high interest
rates - check this out -
Ways to Pay off your debt.
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A young man was having some money problems, and needed $200 to get his car fixed and road-worthy again. But had run out of
people to borrow from. So, he calls his parents via the
operator, and reverses the charge and says to his dad, "I need
to borrow two hundred dollars."
At the other end, his father says, "Sorry, I can't hear you,
son, I think there may be a bad line."
The boy shouts, "Two hundred. I need two hundred dollars!"
"Sorry, I still can't hear you clearly," says his father.
The operator cuts in, "Sorry to butt in, but I can hear him
perfectly."
The father says, "Oh, good. YOU send him the money!"
Do you have any great jokes about money, or money and
relationships? Submit them on our
Funny Money Page.
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Article
Money Management - Does Managing your Money Stress You Out?
Do you avoid managing your money because think it is
stressful?
Are you afraid of what you might find out about your money if you
start to manage it?
Are you pretending to not worry about money when really you
are freaked out about it?
If you don't manage your money chances are you feel the
stress of money management, especially if you have debt.
What if I told you that
you could relieve that stress very easily and quite quickly? All it takes is a
bit of planning and sticking to the plan.
Let's first look at what stress is. Stress is the
emotional and physical effect on you caused by how you respond to stimulus from
the outside world. Stress can show up physically through health problems, or
mentally through behavior changes. It can cause all sorts of problems and it
affects everyone differently.
What might stress you out, may not stress out
your partner or family members. You may not know how stressed you are,
especially about money and you may hide it from yourself or others.
Take some time to look at what your body is saying to you.
When your start to think about or someone starts to talk about money or mentions
your debt:
- Does your heart rate speed up?
- Do you get angry, sad, worried or tense?
- Do you get a headache, backache, fatigue or dizziness?
- Do you over sleep, eat too much or too little?
- Do you start to forget things? Or Feel helpless?
These are all signs of stress. When you feel them, write
them down. They are early signs or indicators that you are becoming stressed.
When you see these signs you are becoming stressed, you can take action and do
something about it to stop overwhelming you.
As human beings have evolved, we learned how to survive.
When we face stress, our physiologically our bodies prepare to "fight or
flight". This stress causes your body to release hormones that cause our heart
to speed up, the blood flow to our brain and muscles increases drastically, our
body to divert energy from our digestive system to where it is needed, and we
breathe faster to get more oxygen to our muscles.
This is great and can help you to survive if you are in a
life and death situation. However in a situation like stressing out about your
money, your body thinks that you in a "fight or flight" situation. There is no
outlet for that that excess energy or the extra stress hormones to go. This
causes tiredness, digestive issues, head aches, back aches, increase in blood
pressure, which can lead to stroke, and heart problems.
It is easy and fun to take the stress out of money
management. It comes down to making a plan that works for you and sticking to
it. You will find power and freedom with your money to create the life you want,
instead of stressing out about the life you have. Learn how to take
out
the stress of money management at Transform Your Money.com!
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Are you taking a Staycation this Summer?
What's a staycation you might say? It's booked off vacation time for the
whole family that doesn't' involve travelling anywhere. It might be a week at
home with the kids playing in the back yard. Or it could be taking day trips
from your home to fun local attractions.
It certainly doesn't mean taking a week off to do chores around the house
though! Plan to relax in your own town or home. Go to a local beach or pool.
Read a book you never have time to read. Try some restaurants that you haven't
tried before.
Look up some local travel information websites. Become a tourist in your own
city. You will cut down on costs and most likely really enjoy yourself and the
time with your family!
Look for local festivals that you haven't seen before. Could be a fair or a
renaissance festival. Plan your staycation around a holiday and take advantage
of free fireworks displays.
Hike, bike ride or roller blade a local trail. Look for new ones that you
haven't found before. Look for public parks for kayaking, or canoeing.
The secret to a great staycation is to plan it so it doesn't turn into a long
weekend at home. Tell your friends and family what you are doing. Ask them to
respect it and maybe ask them to join you!
Take pictures or video. You want this to be a vacation for you and your
family or significant other. So make memories. Create a scrapbook. Treat it like
any other vacation.
Make sure you follow your staycation spending plan too. It is easy to get
caught up in the rationalization of "Well we didn't spend money on this so let's
splurge on that". It's ok to do with a few things but keep it in check or you
won't have saved any money at all.
After all the memories that come from vacations are usually those that are
those times you spend hanging out with loved ones and taking a break from the
routine and work.
With the price of gas these days, and the cost of travel increasing, you may
think that it is too expensive to take a vacation. So opt for a staycation
instead. But if you have your heart on taking a vacation check out ways to save
money on Travel with our
Frugal Travel Tips.
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To find more Tips on saving money, or to add your ideas, please check out our
Best
Ways to Save Money Page.
Cook with Lids on Your Pots.
If you cook with lids on your pots you would be amazed at how much energy you
will save. The heat stays in and cooks your food faster too!
Movie Lover - Use Air Mile Rewards
Use your air mile rewards points to redeem coupons to see movies for free.
Car Pool Where Possible
With the price of gas these days try to carpool to work or to outings with
friends or family. Even if you don't carpool every day, do it when you can.
Do you have any Money Saving Tips you would like to share?
Please
send them by filling out the form and we will publish them on the site.
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Thank you for reading the June Issue of Moneyzine. I hope you enjoyed it
as much as I enjoyed writing it. Please feel free to contact me with any
questions at
our
Contact us Page.
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If you enjoyed this issue of Moneyzine, Please feel free to send it to any
friends or family and ask them to subscribe on our
website.
Till next month,
Melanie Fine,
CPA
www.transformyourmoney.com
PS. Want to check out back issues of the Moneyzine? -
Click Here
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